The latest online payment news from Checkout.com

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Checkout.com announces availability of the iDEAL payment solution in its portfolio 03.08.2015

FOR IMMEDIATE RELEASE

Checkout.com has become an iDEAL Collecting Payment Service Provider (CPSP) Certificate Holder and can now directly offer iDEAL, the most popular payment solution in the Netherlands, to its merchants.

Popular Netherlands Payment Method Added to Checkout.com’s Offering

Checkout.com is pleased to add iDEAL to its local payment offering. This exciting collaboration will further open up the European market to Checkout.com merchants who will now be able to offer consumers in the Netherlands their preferred payment method via Checkout.com’s simple integration.

In addition to providing international credit and debit card processing through its direct acquiring relationship with Visa Europe, MasterCard International, Union Pay International, American Express, Diners Club International and the Discover Network, Checkout.com is building partnerships with rapidly growing local payment providers around the globe in order to offer the most comprehensive cross-border payment solution for the internet.

Checkout.com’s focus on local payments has led to the creation of a unique solution that allows merchants to seamlessly connect all the local payments they need to their website via one single integration, regardless of the solution type (for example, eWallets, mobile payments, online banking or prepaid cards). This product typically targets merchants processing with credit cards who want to expand their reach around the globe by offering local payment options to ensure they never miss a sale again.

Mathieu Altwegg, Checkout.com CEO, says: “Today iDEAL is the most relevant payment solution within a single market. E-commerce merchants simply cannot succeed in the Netherlands if they don’t accept iDEAL! iDEAL is regulated and coordinated by the Dutch Payments Association, ensuring transparency and facilitating market forces. The Dutch Payments Association also maintains and develops the quality, safety and efficiency of several payment schemes.

“We welcome Checkout.com as the latest foreign CPSP for iDEAL,” says Piet Mallekoote, CEO of the Dutch Payments Association. “Foreign web shops increasingly offer iDEAL as a payment option for Dutch consumers. Already 20% of all iDEAL payments are done at online stores outside the Netherlands.”

About Checkout.com

Founded in 2010, Checkout.com is an international FinTech company offering the most comprehensive cross-border payments for the internet. Checkout.com offers a fully customisable one-stop solution through one simple integration. Checkout.com’s 100-person team serves e-Commerce merchants worldwide through its London, Dubai, Singapore and Mauritius offices. Further information available at www.checkout.com.

About iDEAL

iDEAL enables an immediate online money transfer and is the most popular payment method in the Netherlands, accounting for more than 60% of online e-commerce transactions. Approximately 18 Million iDEAL payments are made each month and more than 750 Million payments have been processed to date.

 

iDEAL Payments Now Accepted in Checkout.com

For further information, please contact Checkout.com:

Amber Hayward, Marketing Director

+44 7585 955 207

amber.hayward@checkout.com

Skype: amber.hayward.checkout

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